CEA urges more household savings into pension products

Chief Economic Adviser V Anantha Nageswaran, speaking at NPS Diwas 2025-26, said India must encourage households to allocate more savings toward retirement and pension products. While equity and mutual fund investments rose from 2% to 15% of household savings in a decade, pension assets saw no comparable growth. India's pension assets stand at 17% of GDP vs 80% for OECD nations.